Huayu Expressway Group has a Cash Ratio of 2.63. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Huayu Expressway Group's Cash Ratio or its related term are showing as below:
HKSE:01823'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: 2.63
Current: 2.63
During the past 13 years, Huayu Expressway Group's highest Cash Ratio was 2.63. The lowest was 0.01. And the median was 0.17.
HKSE:01823's Cash Ratio is ranked better than 95.43% of 1640
companies
in the Construction industry
Industry Median: 0.32
vs HKSE:01823: 2.63
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Huayu Expressway Group's Cash Ratio
For the Infrastructure Operations subindustry, Huayu Expressway Group's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Huayu Expressway Group's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Huayu Expressway Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Huayu Expressway Group's Cash Ratio falls into.
Huayu Expressway Group Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Huayu Expressway Group's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Huayu Expressway Group (HKSE:01823) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Huayu Expressway Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Huayu Expressway Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Huayu Expressway Group (HKSE:01823) Business Description
Huayu Expressway Group Ltd is an Investment holding firm. The company with its subsidiaries is engaged in the development of infrastructure mainly in China. Its primary business is to invest, build, operate, and manage infrastructure projects. It has three reportable segments: Qing Ping Expressway, construction, operation, and management of the Qing Ping Expressway, and; Liquor and spirits, the main distribution of Huamaojiu and Xijiushaofang, and the majority of the revenue comes from the Liquor and spirits.
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